As an European citizen living temporary in the USA on a VISA (US Person), choose Vanguard or Schwab?

Hey K,

thank you for your message. Due to tax reasons (FATCA), US expats have difficulties using brokers if they’re not in the US. That’s why I always recommend using a broker that is available in both the US and the country of residency (in your case, this will be an EU country later).

Because of this reason, Schwab seems a better option as it also accepts more non-US clients if you have a minimal account size ($25k+). If you click on “Open an account”, and select the preferred EU country, you can check if that’s available at Schwab: https://international.schwab.com/

In addition, Interactive Brokers (https://brokerchooser.com/broker-reviews/interactive-brokers-review) is a great option as it’s available in many countries globally.

Let me know if you have any questions.

Best,
Adam